Partners Crystallex International (VSE) and Eurus Resource (VSE) produced 1,600 oz. gold in February and March from their concession in Venezuela.
Tailings from the Albino property were bulk-tested on an adjacent concession, using a carbon-in-pulp mill. The average gold recovery was 94.9%. More bulk tests are planned, including a further 10,000 tonnes of material from Albino. After payment of processing costs, Crystallex and Eurus will share revenues equally from production (subject to a nominal administration charge to Eurus).
A 400-ton-per-day mill is being constructed on site and is scheduled for completion by July. The operation is expected to produce more than 6,000 oz. gold per month.
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